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Do you comprehend what I said? Here, let me post it again.
Steam is a special case, and an effective countermeasure.(but not 100%, private servers do exist)
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And I never said the problem would go away entirely. But in the case of unique keys you can never steal enough keys from stores or whatever to satisfy demand for the entire underground community. Retail stores mostly keep the discs and booklets behind the counter for that very reason. So short of actually robbing a delivery truck shipping a few thousand copies of a game, I can't imagine stolen keys are a big dent in any game developer's bottom line.
Also, please explain to me why someone would go through the trouble of stealing dozens of legal keys? Do they sell them for a lower price or are they actually distributed freely in underground communities?